Consumers' budget for a new car Malaysia 2020

According to a survey on people who intended to buy a car during COVID-19 in Malaysia, 53 percent of respondents stated that their budget was less than 80 thousand Malaysian ringgit for a new car. In the same survey, 10 percent of respondents said that their budget was 130 to 200 thousand Malaysian ringgit.

Consumers' budget for a new car in Malaysia as at May 2020

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Source

Release date

July 2020

Region

Malaysia

Survey time period

April to May, 2020

Number of respondents

8,220 respondents

Age group

18 years and older

Special properties

based on respondents intended to buy a car in the next three months

Method of interview

Online survey

Supplementary notes

The questions asked: "What is your planned budget for the car?"

1 Malaysian ringgit (RM) is equal to 0.24 U.S dollars and 0.21 euros as of July 2020.

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